The Australian Government Launched a Quantum Technologies Challenge Plan With Funding of AUD 36 Million

The Australian government launched a quantum technologies challenge plan yesterday with a total funding of AUD 36 million. Quantum technology companies will be eligible for over AUD 5 million in support to address some nationally significant challenges. It's understood that the first stage of the plan will provide AUD 500,000 in funding for project feasibility studies, while the second stage(2025-2026) will offer up to AUD 5 million in funding for demonstration projects.

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